LocalBitcoins

Overview

Allows you to search for buyers or sellers of bitcoins and perform the bitcoin transaction quickly, securely, and privately. It is very easy to find local buyer or seller of bitcoins using this platform.

Detailed Review

Pros

Provides the platform to buy and sell bitcoins locally, with local bank transfer payment option available. The transaction is done instantly, privately, and securely.

Cons

Local bitcoins buyer or seller may not be available in every country or area, so does the local payment option using bank transfer.

Review

LocalBitcoins is a bitcoin buying and selling platform for local
people founded in 2012 and based in Helsinki, Finland. The company helps
bitcoin buyers and sellers to meet locally or perform local bitcoins
transactions with local payment options easily, using the platform that
is designed to meet the two parties together. With this platform, buyers
and sellers of bitcoins can trade their bitcoins for cash and vice
versa, and therefore help the bitcoin economy to grow globally.

Very Low Bitcoin Transaction Fee

While
other bitcoin exchange platforms may offer you big transaction fees
whenever you trade your bitcoins for cash or vice versa, LocalBitcoins
is a little bit different. It doesn’t apply any transaction fee for any
of your local bitcoin transactions using this platform. However, it
applies a very small amount of fee (1%) for each transaction that is
done via the trade advertisement provided by this platform. Also, it
offers 0.5% fee for each transaction using the merchant invoicing
service from this platform. Aside from that, registering, selling, and
buying bitcoins can be done completely free of charge when you choose to
use this platform.

Post A Trade Advertisement To Find Buyer Or Seller Easily

This
bitcoin exchange platform offers the option for you to post a trade
advertisement to buy or sell your bitcoins more quickly. By using this
service, you need to pay a very small fee for each transaction made from
your trade advertisement. However, as a big benefit, you can put your
advertisement in front of other bitcoin buyers and sellers in the
platform. In this way, you can find your buyer or seller more quickly.
For each trade advertisement that you post on this platform, you can
pick your own preferences, such as preferred currency, margin, minimum
transaction, and so on.

Local Transaction With Local Bank Transfer Option

One
of the biggest advantages of LocalBitcoins is that you can find buyer
and seller of bitcoins in your local area. In this way, this platform
can provide you the way to meet the seller and buyer of bitcoins
directly in the places around you. Or, you can perform the transaction
with local bank transfer, which can be very convenient for most people.
You don’t need to prepare your credit cards in order to perform the
transaction, and you can always complete the transaction instantly and
securely when you do it via local bank transfer. It gives a big
advantage for both parties.

Make The Trade Directly With The Other Party

Meeting
face to face with your buyer or seller of bitcoins may not be possible
with the other bitcoin exchange marketplaces. However, with
LocalBitcoins, you can do it quite easily. With this platform, you can
agree to meet with the buyer or seller of bitcoins in the local area
near you, and conduct the transaction directly. There is no third party
involved in your transaction, and thus, you don’t need to pay any third
party for the transaction fee. With this platform, you can perform the
transaction directly with the other party, so that you can get all of
your profit for yourself. This is true for both the direct cash
transaction and the transaction done with local bank payment.

Conclusion

If
you are looking for a good bitcoin exchange platform that you can rely
on to find local bitcoin trade partners in your area, then LocalBitcoins
is the best platform that you can use. With this platform, you can
quickly find local buyer and seller of bitcoins, and get the transaction
done quickly, either by meeting the buyer or seller directly, or by
sending the payment via local bank transfer. Moreover, this platform
doesn’t apply high transaction fees, and it doesn’t act as a kind of
stock market trader for bitcoin users. It is just a platform that
provides the way to meet the seller or buyer of bitcoins in your local
area easily.